Status update from the DIA on some key projects, per the Daily Record:
https://www.jaxdailyrecord.com/news/2024/feb/16/rising-costs-sinking-projects-in-downtown-jacksonville/Hardwick - Dead; will need to be rebid
Riverfront Plaza Private Development Pad - Dead; will need to be rebid
Independent Life Building - Dead; will need to be sold and/or reincentivized
Ambassador Hotel - Dead; will need to be sold and/or reincentivized
Central National Bank - Dead; will need to sold and/or reincentivized
Related Tower on Southbank - $30 million funding gap; talks continue (have heard elsewhere, from multiple folks, that this one is dead too)
Laura Street Trio - DIA and City presenting three options to Southeast in order to help move the project forward (it sounds like they are, rightfully, pushing back on all the new construction elements and just trying to force a historic rehab of the existing structures)
Per the article, Groundhog Day continues, "...the DIA is likely headed back to square one on the properties. Bolstered by recent visits from what Boyer described as “national developers” interested in Downtown Jacksonville, she said the DIA is “getting very close to the time that we’re going to be having negotiations with folks on what they can do now in today’s market and be putting those dispositions back out.”
This will be the fourth RFP for Ford on Bay.
Have said my peace, we've got new leadership in charge at City Hall, but just sad to see the continued lack of accountability or recognition that we're essentially starting back over from zero on half of the riverfront after squandering the great migration into Jacksonville and the historic economic boom coming out of the pandemic. Other cities have dealt with the same supply chain issues, rising construction costs, inflationary pressure, and capital markets that we continue to use as excuses, and they've got cranes in the air. We still struggle to acknowledge that we're not seeing the progress that we should have.
Couldn't help but notice the contrast between the DIA's deafening silence on Friendship Fountain for years as it was closed versus their proud signage all over the park last night when it finally reopened.
But again, spilled milk. New day. Let's just pray that we have a fresh set of eyes scope, issue, and grade this next round of RFPs, lest we continue down this same fruitless cycle.